1-3-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

David K. Randall, AP Business Writer

Stocks start 2011 with a lift

Stock indexes rise to start 2011 after strong manufacturing reports in US, Europe

NEW YORK (AP) — Stocks started 2011 with a lift Monday thanks to better news on the economy.

Manufacturing activity and construction spending both rose more than analysts were predicting. The Institute of Supply Management's index of manufacturing activity rose in December for the 17th straight month. Separately, the Commerce Department said that construction spending rose 0.4 percent in November.

In morning trading, the Dow Jones industrial average jumped 108 points, or 0.9 percent, to 11,685. The Standard and Poor's 500-stock index gained 14, or 1.1 percent, to 1,271. The Nasdaq composite rose 38, or 1.4 percent, to 2,691.

The gains were broad. All 10 company groups that make up the S&P index rose.

Yesterday's Top Performing Small Cap Stock:

Madison Ave. Media, Inc. KHZM

Madison Ave. Media, Inc. was a SmallCapVoice.com top performer closing up over 16% on trading volume of 109,500 shares.

Madison Ave. Media is an advanced digital media company that offers a differentiated and competitive array of marketing technologies and services to clients in multiple industries. Their technology and services bring advanced, highly productive marketing, communications and advertising solutions to clients. And their services address the complete digital media value chain, combining the best practices of traditional media support with the power of technology.

Today's SmallCapVoice.com Hot Stock to Watch:

Tootie Pie Company TOOT

Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels.

Other Small Cap News

China Direct Industries, Inc. CDII

CDII Trading Subsidiary of China Direct Industries Enters Into Contract With China-Based Trading Company to Supply Iron Ore From Bolivia

Management Believes the Agreement Has the Potential to Generate Monthly Revenue of up to $4.5 Million Over the Course of a 12 Month Period Beginning in the Second Quarter of Fiscal 2011

DEERFIELD BEACH, FL–(Marketwire – 01/03/11) – China Direct Industries, Inc. (“China Direct Industries”) CDII, a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today that its wholly owned subsidiary CDII Trading, Inc. has entered into a contract with a privately held China-based trading company to supply iron ore from Bolivia.

Uranium Resources, Inc. URRE

Uranium Resources, Inc. Enters into Uranium Mining Lease Option Agreement for South Texas Property

LEWISVILLE, Texas–(BUSINESS WIRE)– Uranium Resources, Inc. URRE (“URI”) today announced that it has completed an agreement to explore 53,500 acres in Kenedy County, Texas, for three years, with an option to lease the acreage for uranium production. The lease would have a primary term of eight years after lease commencement.

Senesco Technologies, Inc. (NYSE Amex: SNT)

Senesco Technologies' Lead Therapeutic Candidate SNS01-T Granted Orphan Drug Status from FDA for Treatment of Multiple Myeloma

NEW BRUNSWICK, N.J.–(BUSINESS WIRE)– Senesco Technologies, Inc. (“Senesco” or the “Company”) (NYSE Amex: SNT), announced today that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for the company's lead drug candidate SNS01-T for treatment of multiple myeloma. As a result, the company is eligible to receive a number of benefits, including tax credits, access to grant funding for clinical trials, accelerated FDA approval, allowance for marketing exclusivity after drug approval for a period of as long as seven years and potential exemption from the FDA's prescription drug application fee.

Marina Biotech, Inc. MRNA

Marina Biotech Announces Allowance of Patent Covering DiLA2 Delivery Platform From U.S. Patent Office

Obtains Additional Patent Protection for Its RNAi-Based Delivery Technologies

BOTHELL, WA–(Marketwire – 01/03/11) – Marina Biotech, Inc. MRNA, a leading RNAi-based drug discovery and development company, today announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance for patent application U.S. 12/114,284 covering its proprietary DiLA2 delivery platform. The allowed claims provide patent protection for a broad array of DiLA2 molecules as well as formulations based on these DiLA2 molecules, including liposomes, emulsions and micellar dispersions; and pharmaceutical compositions of DiLA2 molecules with therapeutic nucleic acids, including siRNA, microRNA, meroduplex siRNA (3-stranded siRNA), single-stranded RNA and short-hairpin RNA (shRNA); and finally, methods for treating human disease using the DiLA2 delivery platform.

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